Automotive Lighting Market size valued at USD 30.5 billion in 2019 and will grow at a CAGR of over 4.5% between 2020 and 2026. Growing production of automobiles in the passenger and commercial vehicles will drive the industry growth.
The growing trend of installing technologically advanced automotive lights to enhance the aesthetic features of vehicles along with the increasing demand from OEMs & aftermarket distributors will provide a positive outlook to the market revenue. Moreover, increasing consumer disposable income coupled with high inclination toward spending on additional features such as proximity sensing automotive lighting systems is contributing to the market growth.